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HI, Its a question on FFA Consolidated Financial Statements

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HI, Its a question on FFA Consolidated Financial Statements

Alpha Co owns 80% of Gemma Co. Alpha Co sold goods costing 5 million to Gemma Co for 7 million. Gemma Co sold all the goods and had nothing left in the inventory but Gemma Co still owes Alpha Co 9 million dollars.

Alpha Co Revenue 20million, receivable 13 million and payable 5 million

Gemma Co revenue 14 million, Receivable 10 and payable 8 million

Q. What the consolidated revenue, Receivable and payable for these companies?

February 21st 2017 AN ACCA USER 140 Points

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